If you are lucky, and/or control your expenses as much as possible, you reduce that 50% in reality and greatly benefit!

If you want me to take more risk, then I get a lower sales price on the option.It has taken me a long time to understand all the benefits to the home owner, but now I know and they love the ML as well.

Here is my understanding, although I am not an attorney.You only benefit from the homestead exemption if you currently own the house when you file.

So even if not practically useful, I get the degree/safety net with minimal fuss and am able to get serious with commercial investment that much faster.Accounting has the obvious benefit of me being able to handle my own books.

Then continue to adjust the price as work is performed.

Wheatie, one of the ideas I still have a tough time with (as it relates to the 50% rule) is how to adjust projected operating expenses for high property taxes.For example, there is a two family house that rents out for 1k p/m, total (12k p/y).

You may find you end up giving that money you tried to save to the buyer anyway.I could go on and on about the benefits of a good real estate agent, especially in the current market.

After the adjuster for the hoa came out to assess, the missing caps, they all mysteriously started appearing back on the holes.Any thoughts or feedback would be appreciated.Thanks.Benjamin Subercaseaux

Learn from it and benefit in the future.

I'm another Bay Area guy... drop a line sometime, I'd be happy to be part of your network and keep my eyes open for some opportunities that might benefit you... take care and enjoy the great weather!